Oracle (ORCL) Closes Prior Hour Down -0.46%; 4 Day Down Streak Ended, in a Downtrend Over Past 14 Days

The Hourly View for ORCL

Last Updated January 21, 2021, 23:14 GMT

At the moment, Oracle’s price is down $-0.45 (-0.72%) from the hour prior. The hourly chart shows that Oracle has seen 2 straight down hours. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Oracle Corp Daily Price Recap

The end of a 4 day negative run has come for Oracle Corp, which finished the previous day up 0.29% ($0.18). This move happened on lower volume, as yesterday’s volume was down 26.58% from the day before — and down 13.27% from the same day the week before. Here is a daily price chart of Oracle Corp.

ORCL

Oracle Corp Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. For additional context, note that price has gone down 10 out of the past 14 days.

Overheard Around the Web

Here’s what one trader on StockTwits recently had to say in regards to ORCL:

    $XELA's strategic option may be a buy-out by one of the big ones $AMZN $SAP or $ORCL

    Exela is for digital transformation not only during Covic-19 like Apple was with the introduction of the iphone.

    ""Global leaders in digital transformation and business optimization, Exela delivers technology and data driven innovation for businesses in all industries.""

    https://www.facebook.com/exelatechnologies/

    … today 150m mc 1.5bn maybe very soon… due your own DD and search the right things, then you will find out 😉

    tudu